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Correction

3M Company Is At Technical Support3M Company with ticker MMM has been trading bearish for the past 5 years, actually since the beginning of 2018, where we see a completed higher degree wave III. The wave structure from 2018 highs is in three waves A-B-C, which indicates for a higher degree wave IV correction. We can now see it sitting at interesting 90 support area, especially if we consider equal wave length of waves A=C that stopped at the former wave 3 swing high resistance around that 90 area. A recovery back above channel resistance line and 210 region would be definitely signal that higher degree wave V is in progress, which would send the price back to all-time highs.
NYSE:MMMLong
by ew-forecast
Pepe Update | Do Or Die Pepe/USDT Update: In the higher timeframe (HTF), there's a critical situation – it's a "do or die" moment. Pepe is currently testing a significant support level on the daily chart. This level is crucial for Pepe/USDT, and it's important for buyers to maintain this support. I anticipate the price might rebound from here because of liq pending on the upper side. However, this is just an idea and not financial advice. Always conduct your own research before making any decisions. Best of luck! If you appreciate our insights, please consider showing your support. Wishing you successful trading!
Long
by Crypto-By-Ghazi
1
USDZAR ForecastPrice is trading in a nice Zig-Zag correction pattern in the bearish direction. We can expect a last drop before the next buys as a wave 3 for a bigger degree. One thing to focus on is the potential level at which the price might reach to( golden Fibonacci levels). Understanding that waves A and C are often equal can help us identify a potential turning point of price. Judging from the wave A move which was a fast-paced price action we can tell that wave C will be a slow and choppy-moving price action.
Short
by Weshareio
4
Nasdaq -> Sell Everything Now!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪 Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower. With the recent weekly rejection of the major previous structure zone, everything is looking like Nas100 will also break the current support level and simply drop further towards the downside. And you can also see that there is the possibility that Nas100 will create a regular head and shoulders in combination with a double top on the daily timeframe which is a massively bearish reversal pattern suggesting that we might see a harsh move lower on Nas100. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FX:NAS100Short
by basictradingtv
41
NZDUSD ForecastPrice Is most likely to trade bullish on the NZDUSD for the upcoming weeks to months, it's clear we completed the corrective phase of the double correction pattern. A double correction/ combo is a type of corrective pattern where all of the sub-waves are correction patterns as well it can be any corrective pattern except a triangle pattern for wave (W). We are not gonna trade in the impulse phase either as a wave 3 or C but that doesn't change the fact that we are trading bullish. The wave (Y) completion correlates well with the 61.8 Fibonacci retracement level golden zone as well as the parallel channel line which contained the entire corrective move. An important thing to note is that waves (W) and (Y) are often equal similar to a zig-zag correction pattern the idea behind the structure is relatively the same the only thing different is the sub-waves whereas on a zigzag its an impulse-correction-impulse on a double correction its correction-correction-correction.
Long
by Weshareio
Crypto Comeback 🌟🌟🌟Ever noticed how after a market correction, there's often a rebound that seems to defy gravity? Well, hold onto your digital hats, because we're diving into a cool phenomenon – the "twice as nice" rule of post-correction surges. 🔍 The Dip and the Rise: So, picture this – the market takes a little dip, a breather, if you will. Then, out of the blue, it bounces back, but not just any bounce – one that's at least twice as big as the initial dip. That's the rule we're talking about! 🚀 Power of Momentum: This phenomenon is like a spring being compressed before it's released – the further it was pushed down, the higher it soars up. It's the market's way of saying, "I'm back, and I'm stronger than ever!" 💡The Bigger Picture: Think of it as a growth spurt. The post-correction surge isn't just about recovering losses; it's about surpassing previous highs and reaching new peaks. It's a sign of a resilient market. 📈Traders' Playbook: Traders love playing this game. They strategically buy during the dip and ride the wave of the rebound. It's like catching a double-decker bus to profit town! So, what's the takeaway from this dynamic duo rule? 📊 When the market dips, don't lose heart – it might just be gearing up for an even more impressive comeback. Remember, each dip can potentially set the stage for an exhilarating ascent. Stay curious, keep an eye on those charts, and get ready for the market's next thrilling act! 🚀🎢 ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Long
by Yaroslav_Krasko
Impact of Cryptocurrency Market Capitalization on Market DynamicIn the world of cryptocurrency, staying informed about market trends and indicators is essential for making informed trading decisions. One crucial metric that often goes hand-in-hand with market sentiment is the overall cryptocurrency market capitalization. This article delves into why keeping an eye on the cryptocurrency market capitalization is crucial and how it can provide insights into the broader market situation. Understanding Cryptocurrency Market Capitalization: Market capitalization refers to the total value of a cryptocurrency or the entire cryptocurrency market. It's calculated by multiplying the current price of a cryptocurrency by its circulating supply. Monitoring the market capitalization provides a snapshot of the market's size and valuation at any given time. The Impact on Market Dynamics: Keeping track of cryptocurrency market capitalization can offer valuable insights into market dynamics and trends. Here's why it matters: Market Sentiment Indicator: Changes in market capitalization can reflect shifts in investor sentiment. Rapid increases may indicate bullish enthusiasm, while significant declines might signify market apprehension. Market Trends Identification: Monitoring market capitalization over time can help identify trends such as bull markets, bear markets, and periods of consolidation. It offers a broader context for analyzing price movements. Relative Comparison: Comparing the market capitalization of different cryptocurrencies allows traders to assess their relative performance. It helps in identifying potential investment opportunities. Impact of Market Events: Major news, regulatory developments, or technological advancements can influence overall market capitalization. Tracking these changes can provide insights into market reactions. Market Liquidity: Market capitalization can also give an indication of the overall liquidity of the cryptocurrency market. Higher market capitalization often implies higher trading volumes and increased market activity. Conclusion: Monitoring the cryptocurrency market capitalization is an essential practice for traders and investors seeking a comprehensive understanding of the market's dynamics. It serves as a key indicator of sentiment, trends, and the broader market situation. Combining insights from market capitalization with technical analysis, fundamental research, and other indicators can enhance your decision-making process. As the cryptocurrency market continues to evolve, adapt your strategies to account for changing market conditions. Remember that market capitalization is just one piece of the puzzle, and a holistic approach that considers multiple factors is crucial for successful trading in this dynamic landscape. ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
CRYPTOCAP:TOTAL2Long
by Yaroslav_Krasko
Apple -> Correction Already Over?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. On the weekly timeframe you can see that Apple is already approching previous resistance which could be acting as support and after the retest of the 0.382 fibonacci retracement level we could see at least a short term bullish bounce. But Apple stock is still creating bearish market structure so there is also a chance that Apple stock will just break below the current support level - If you are looking for longs though I would simply wait for a break aboce the bearish daily trendline and then enter a long position. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLLong
by basictradingtv
23
Nasdaq -> -20% Massive Drop Ahead!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nas100 💪 Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower. With the recent strong rally on the Nasdaq it is quite likely that we will see at least a retest of the 0.382 weekly fibonacci retracement level which is then maybe acting as a first strong support area. My last analysis on the Nasdaq perfectly played out with the Nasdaq breaking below the daily bullish trendline and creating a double top in the process - therefore everything is currently looking quite bearish and I do expect more daily downside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
PEPPERSTONE:NAS100Short
by basictradingtv
42
Rune/Usdt Update Runeusdt On the daily time-frame : 1. There's a bearish pennant, which suggests the price might go down. 2. If we notice 1 or 2 red candles at this resistance point, it could create a double top pattern, indicating more potential for a drop. 3. Rising Wedge Pattern Also Bearisg Overall, we might see the Rune price go down atleast 15-30% if it gets rejected. Remember, we should wait for confirmation of the rejection. Best of luck! Note : This is just an idea, do your own research before taking any decision Happy trading 👑 If you are satisfied with our work kindly make sure to support us.
Short
by Crypto-By-Ghazi
2